Green Alpha Advisors LLC Has $1.06 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Green Alpha Advisors LLC lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,012 shares of the solar cell manufacturer’s stock after selling 1,732 shares during the period. Green Alpha Advisors LLC’s holdings in First Solar were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AlphaMark Advisors LLC purchased a new position in shares of First Solar in the third quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new position in First Solar in the 3rd quarter worth approximately $25,000. Kennebec Savings Bank purchased a new position in First Solar during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC raised its stake in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after purchasing an additional 107 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of First Solar in the second quarter valued at $38,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Trading Down 1.0 %

Shares of FSLR stock opened at $189.24 on Monday. The firm has a market capitalization of $20.26 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. First Solar, Inc. has a 1 year low of $135.88 and a 1 year high of $306.77. The firm’s fifty day simple moving average is $191.64 and its 200 day simple moving average is $211.08. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that First Solar, Inc. will post 13.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial began coverage on First Solar in a report on Thursday, September 26th. They set a “buy” rating and a $300.00 price target on the stock. Hsbc Global Res upgraded First Solar to a “strong-buy” rating in a report on Wednesday, October 9th. Roth Mkm decreased their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada lowered their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Susquehanna cut their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.